1482 Mason St Green Bay, WI 54303-2234

Property Details for 1482 Mason St

Year built

1976

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.59 lot acres

Property size

3,302 SF

Zone code

C2

Property type

Banks

APN

6 144-G

APU

6144G

Description

This exceptional investment opportunity presents a 3,428 square foot, freestanding Wells Fargo bank building situated on a 0.6-acre lot in Green Bay, Wisconsin. The property boasts a 14.5-year remaining lease term (absolute NNN) with a strong credit tenant (S&P A+/Stable) and 10% rent bumps every five years, plus four, five-year lease options. Built in 1976 and renovated in 2023, this single-tenant property offers a 5.50% cap rate and a net operating income (NOI) of $103,000, with an asking price of $1,872,727 ($546.30/sq ft). The property enjoys a prime location at the signalized corner of South Fisk Street and West Mason Street, a major thoroughfare with over 21,000 vehicles per day, providing excellent visibility and accessibility. Its proximity to Lambeau Field and Green Bay Plaza, a large shopping center with national retailers, ensures high traffic and strong consumer synergy. The surrounding area demonstrates exceptional demographics, with over 140,120 people within a 5-mile radius and an average annual household income exceeding $78,987. This presents a compelling investment with attractive rental escalations, zero landlord responsibilities, and significant potential for long-term appreciation. The property's low ground rent contributes to an attractive cost basis, making it an ideal addition to any portfolio.

Location Insight

City

Green Bay

County

Brown

State

Wisconsin

Longitude

-88.0599

Latitude

44.5226

CBSA code

24580

CBSA name

GREEN BAY, WI METROPOLITAN STATISTICAL AREA

Property Tax & Assessments